ALEC Holdings PJSC (DFM:ALEC)

ALEC Holdings PJSC Income Statement

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	10,027	8,101	6,275	3,599
Revenue Growth (YoY)	178.61%	29.10%	74.36%	-
Cost of Revenue	9,010	7,265	5,642	3,208
Gross Profit	1,017	836.19	632.99	390.5
Selling, General & Admin	414.75	348.68	305.54	187.29
Operating Expenses	414.75	348.68	305.54	187.29
Operating Income	602.13	487.51	327.46	203.21
Interest Expense	-13.91	-7.58	-3.52	-3.47
Earnings From Equity Investments	18.36	-0.03	-0.18	-2.54
Other Non Operating Income (Expenses)	-72.12	-72.62	-67.76	-9.48
EBT Excluding Unusual Items	536.35	407.29	256	187.73
Gain (Loss) on Sale of Investments	-21.49	-20.87	-12.58	1.25
Pretax Income	514.86	386.42	243.42	188.97
Income Tax Expense	42.18	23.51	5.09	3.23
Earnings From Continuing Operations	472.68	362.91	238.33	185.74
Minority Interest in Earnings	-0.92	-0.49	-2.08	-1.2
Net Income	471.76	362.42	236.25	184.54
Net Income to Common	471.76	362.42	236.25	184.54
Net Income Growth	155.64%	53.41%	28.02%	-
Shares Outstanding (Basic)	5,000	5,000	5,000	5,000
Shares Outstanding (Diluted)	5,000	5,000	5,000	5,000
EPS (Basic)	0.09	0.07	0.05	0.04
EPS (Diluted)	0.09	0.07	0.05	0.04
EPS Growth	155.64%	53.41%	28.02%	-
Free Cash Flow	387.74	730.34	-5.3	227.73
Free Cash Flow Per Share	0.08	0.15	-0.00	0.05
Dividend Per Share	0.053	0.053	0.485	0.280
Dividend Growth	-81.07%	-89.07%	73.25%	-
Gross Margin	10.14%	10.32%	10.09%	10.85%
Operating Margin	6.00%	6.02%	5.22%	5.65%
Profit Margin	4.71%	4.47%	3.77%	5.13%
Free Cash Flow Margin	3.87%	9.01%	-0.08%	6.33%
EBITDA	762.4	620.06	422.29	247.53
EBITDA Margin	7.60%	7.65%	6.73%	6.88%
D&A For EBITDA	160.27	132.55	94.83	44.32
EBIT	602.13	487.51	327.46	203.21
EBIT Margin	6.00%	6.02%	5.22%	5.65%
Effective Tax Rate	8.19%	6.08%	2.09%	1.71%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.